Saturday, 28 March 2015
Last updated 13 hours ago
Feb 6 2012 | 9:32am ET
London-based Finisterre Capital, responding to what it says is investor demand, has launched an emerging markets equity fund.
The Finisterre Equity Fund, launched last November with $25 million in seed capital, is run by the former Newsmith EM equity team, Alistair Candlish and Edward Cole. The two, who joined Finisterre in August, 2011, also manage “a substantial equity allocation” within the $800 million Finisterre Global Opportunity Fund.
Finisterre’s new fund employs a top-down macro process to invest long and short in equity securities, and uses options and swaps to hedge at a portfolio level.
“There has been growing investor demand for a Finisterre equity fund,” said Paul Crean, co-founder and CIO of Finisterre Capital, in a statement. “The new fund nicely complements our existing emerging markets offerings, and rounds out our EM product range. In addition, we were very fortunate to attract experienced professionals like Alistair and Edward to manage it.”
The Finisterre Equity Fund targets returns of 15-20% net annualized over the business cycle, with a target volatility of 10-13%. Minimum investment is $1 million.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…